Chris Morgan (KPMG) provides your monthly round-up of tax developments in the international arena.
It has been two months since my last update due to the Christmas break. For completeness although it seems a long time ago now I will briefly mention the Autumn Statement and the subsequent publication of the draft Finance Bill clauses in December. Of note from an international tax perspective was the draft legislation on hybrid mismatches following on from the OECD’s base erosion and profit shifting (BEPS) action plan recommendations on Action 2. As a follow-up to this on 22 December HMRC published a number of examples to illustrate the application of these new rules which are expected to apply from 1 January 2017.
Also of interest was the draft legislation bringing in changes to the patent box rules which I...
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Chris Morgan (KPMG) provides your monthly round-up of tax developments in the international arena.
It has been two months since my last update due to the Christmas break. For completeness although it seems a long time ago now I will briefly mention the Autumn Statement and the subsequent publication of the draft Finance Bill clauses in December. Of note from an international tax perspective was the draft legislation on hybrid mismatches following on from the OECD’s base erosion and profit shifting (BEPS) action plan recommendations on Action 2. As a follow-up to this on 22 December HMRC published a number of examples to illustrate the application of these new rules which are expected to apply from 1 January 2017.
Also of interest was the draft legislation bringing in changes to the patent box rules which I...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
